The South African Reserve Bank published an information notice setting out the US dollar value of its official gold and foreign exchange reserves, Special Drawing Rights (SDRs) and related positions as at 30 November 2025. Gross reserves increased to USD 72,068 million from USD 71,550 million at 31 October 2025, while the international liquidity position rose to USD 70,024 million from USD 69,364 million. Gold reserves rose by USD 628 million to USD 16,838 million and SDR holdings were broadly unchanged at USD 6,502 million, while foreign exchange reserves declined by USD 111 million to USD 48,728 million. Foreign currency deposits received from customers remained a net liability of USD 2,596 million (from USD 2,788 million) and the forward position decreased to USD 552 million (from USD 602 million). The increase in gross reserves and the international liquidity position was mainly attributed to the higher US dollar gold price and valuation effects from exchange rate and asset price movements, partly offset by foreign exchange payments made on behalf of government.
South African Reserve Bank 2025-12-05
South African Reserve Bank reports gross reserves rising to USD 72.1bn and international liquidity position to USD 70.0bn at end-November 2025
The South African Reserve Bank reported an increase in gross reserves to USD 72,068 million and an international liquidity position of USD 70,024 million as of 30 November 2025. Gold reserves rose by USD 628 million, while foreign exchange reserves decreased by USD 111 million. The rise in reserves was driven by a higher US dollar gold price and valuation effects, partially offset by government foreign exchange payments.